The iUnits S&P500 Index RSP Fund will commence trading on the Toronto Stock Exchange on Tuesday, May 29, says Barclays Global Investors Canada Limited. Securities commissions or other regulatory authorities in each of the provinces and territories of Canada issued final receipts for the prospectus on May 23, 2001, says Barclays.

The i500R seeks to provide long-term capital growth by matching the return of the S&P500 Index while remaining fully RSP-eligible. The Fund will invest primarily in exchange-traded futures contracts based on the S&P500 Index and in high quality Canadian short-term money market instruments.

“The i500R adds 100% RRSP-eligible foreign equity to our iUnits family of ETFs, and when combined with existing iUnits allows investors to build diversified portfolios of iUnits,” says Gerry Rocchi, President of BGI Canada. “iUnits are a highly cost-effective, flexible and convenient way to invest, and enable an investor to participate across sectors, asset classes and size by market capitalization.”

The management expense ratio will be 0.30%. The ticker symbol will be TSE:XSP.